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“The arrival of autonomous cars is stuck in traffic,” says Medved. “But if you have a product that can be used in the near term you are going to be fine.” As an example, he mentions Hailo, a startup chipmaker OurCrowd has invested in.
Rethinking the traditional computer architecture, Hailo invented an AI processor enabling smart devices to perform sophisticated machine (deep) learning tasks with minimal power consumption, size, and cost. Hailo’s specialized processor fits into a multitude of smart machines and devices, including autonomous vehicles, smart cameras, smartphones, drones, AR/VR platforms, and wearables.
The market for deep learning chipsets is estimated to increase from $5.1 billion in 2018 to $72.6 billion in 2025. The edge computing market, the target market for the Hailo processor, is expected to represent more than three-quarters of the total market opportunity, according to research firm Tractica. “There are ton of applications where people need this today,” says Medved, “not only when there will be fully autonomous cars.”